NYSE$HOUS
Anywhere Real Estate Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Reported financial results, impacted by a challenging housing market, prioritizing growth investments and reengineering operations at a lower cost base.
Anywhere Real Estate Inc. reported a decrease in revenue for Q4 2022, driven by lower homesale transaction volume. The company realized cost savings and focused on financial and operational performance. They expect Q1 2023 transaction volume to be down around 30% versus prior year.
- Revenue was $1.323 billion, a decrease of 33% year-over-year.
- Net loss attributable to Anywhere was $453 million, compared to a net income of $47 million in Q4 2021.
- Loss per share was $4.14, compared to earnings per share of $0.40 in Q4 2021.
- Free cash flow was negative $53 million, compared to positive $95 million in Q4 2021.
Headline financials
Revenue & EPS history
Anywhere Real Estate · Revenue · Quarterly
$1.32B
Revenue by segment
Anywhere Real Estate · $1.72B total across 3 segments · Q1 2022
- Owned Brokerage Group$1.26B+7.9%73.4%
- Franchise Group$267M+5.1%15.5%
- Title Group$190M-5.5%11.0%
Forward guidance
Looking ahead to 2023, the Company expects our first quarter 2023 transaction volume to be down around 30% versus prior year. Consistent with industry forecasts, we expect quarterly transaction volume comparisons to 2022 to improve throughout 2023, but expect full year 2023 transaction volumes to decline about 15-20% year-over-year.
Tailwinds
- Expect quarterly transaction volume comparisons to 2022 to improve throughout 2023.
- The Company expects Free Cash Flow from operations to be modestly positive.
- The Company expects to realize further cost savings of approximately $200 million in 2023.
Headwinds
- First quarter 2023 transaction volume to be down around 30% versus prior year.
- The first quarter is seasonally the slowest quarter, and combined with this anticipated volume decline, the Company expects to have significant negative Operating EBITDA for the first quarter of 2023.
- Expect full year 2023 transaction volumes to decline about 15-20% year-over-year.
- Driven by these projected volume declines, the Company expects full year 2023 Operating EBITDA to be below 2022.
- These estimates are subject to macroeconomic and housing market uncertainties, including those related to rising inflation and mortgage rates, declining affordability and constrained inventory as well as competitive, litigation and regulatory uncertainties.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 16 quarterly earnings reports · overlaid with Q4 2022
-1.0%
Avg return
Earnings day
-1.5%
Avg return
5 days after
-0.0%
Avg return
30 days after
52%
29 / 56 earnings
Positive
+22.8%
Q1 2020
Best reaction
-29.6%
Q1 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | — | — | — | |
| Q3 2025 | -2.8% | +8.7% | +21.3% | |
| Q2 2025 | +10.7% | -4.5% | +32.4% | |
| Q1 2025 | +3.2% | +22.3% | +12.6% | |
| Q4 2024 | -0.5% | +3.8% | -9.8% | |
| Q3 2024 | +4.5% | -4.3% | +20.5% | |
| Q2 2024 | -8.3% | -4.9% | +3.6% | |
| Q1 2024 | -4.3% | -10.2% | -17.0% | |
| Q4 2023 | -7.3% | -15.4% | -31.9% | |
| Q3 2023 | +5.6% | +13.4% | +20.0% | |
| Q2 2023 | +18.0% | +7.7% | -14.9% | |
| Q1 2023 | -19.3% | -10.4% | +10.7% | |
| Q4 2022 | -15.5% | -20.6% | -33.1% | |
| Q3 2022 | +3.3% | -4.3% | -11.0% | |
| Q2 2022 | -4.8% | +0.7% | +3.5% | |
| Q1 2022 | -12.3% | -8.1% | -1.2% | |
| Q4 2021 | +5.4% | +1.3% | -5.9% | |
| Q3 2021 | -12.3% | — | — | |
| Q2 2021 | -5.4% | — | — | |
| Q1 2021 | +13.3% | — | — | |
| Q4 2020 | -12.9% | — | — | |
| Q3 2020 | +12.8% | — | — | |
| Q2 2020 | +2.5% | — | — | |
| Q1 2020 | +22.8% | — | — | |
| Q4 2019 | -10.2% | — | — | |
| Q3 2019 | +5.4% | — | — | |
| Q2 2019 | +17.5% | — | — | |
| Q1 2019 | -29.6% | — | — | |
| Q4 2018 | -22.2% | — | — | |
| Q3 2018 | -9.2% | — | — | |
| Q2 2018 | +4.7% | — | — | |
| Q1 2018 | -0.1% | — | — | |
| Q4 2017 | +3.4% | — | — | |
| Q3 2017 | -11.1% | — | — | |
| Q2 2017 | +4.6% | — | — | |
| Q1 2017 | +2.3% | — | — | |
| Q4 2016 | +3.6% | — | — | |
| Q3 2016 | +6.3% | — | — | |
| Q2 2016 | -11.5% | — | — | |
| Q1 2016 | -8.0% | — | — | |
| Q4 2015 | +2.8% | — | — | |
| Q3 2015 | +6.3% | — | — | |
| Q2 2015 | -10.2% | — | — | |
| Q1 2015 | -5.1% | — | — | |
| Q4 2014 | -2.9% | — | — | |
| Q3 2014 | +5.3% | — | — | |
| Q2 2014 | +5.1% | — | — | |
| Q1 2014 | -11.9% | — | — | |
| Q4 2013 | +2.0% | — | — | |
| Q3 2013 | +7.9% | — | — | |
| Q2 2013 | -4.5% | — | — | |
| Q1 2013 | +2.1% | — | — | |
| Q1 2012 | +2.1% | — | — | |
| Q2 2012 | -3.2% | — | — | |
| Q4 2012 | -4.9% | — | — | |
| Q3 2012 | +6.2% | — | — | |
| Q3 2011 | +6.2% | — | — | |
| Q2 2011 | — | — | — | |
| Q4 2011 | — | — | — | |
| Q4 2010 | — | — | — | |
| Q4 2009 | — | — | — | |
| Q3 2010 | — | — | — | |
| Q2 2010 | — | — | — | |
| Q1 2011 | — | — | — | |
| Q1 2010 | — | — | — |
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